Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Trisura Group Ltd. is a Canada-based specialty insurance provider. The Company is engaged in operating in surety, risk solutions, corporate insurance, fronting, and reinsurance segments of the market. The Company, through its wholly owned subsidiaries, conducts insurance and reinsurance operations. The operations are primarily conducted in Canada (Trisura Canada), the United States (Trisura US) as well as Barbados (Trisura International). It operates through three segments. The operations of Trisura Canada consists of surety, risk solutions and corporate insurance products primarily underwritten in Canada. The operations of Trisura US provides specialty fronting insurance solutions underwritten in the United States. The operations of Trisura International comprises of the Company’s international reinsurance operations. The main products offered by its surety business line are contract surety bonds, commercial surety bonds, developer surety bonds, and new home warranty insurance.
TSU - Trisura Group Ltd
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